Richman Darren 4

What Happened Darren Richman, Chief Executive Officer and President of Millrose Properties, purchased a total of 235,000 shares of MRP stock in transactions reported for May 11, 2026. The filing shows two purchase entries: 195,000 shares ($5,325,840) and 40,000 shares ($1,092,480), for a combined reported value of approximately $6,418,320 at a weighted average price of $27.31 per share. These were purchase transactions (code P), which represent insider buying rather than selling.

Key Details

• Transaction date: May 11, 2026; Form 4 filed: May 13, 2026 (filed two days after the trades, generally timely under Section 16 rules).
• Reported weighted-average price: $27.31; actual trade prices ranged from $27.1683 to $27.4250 (footnote F1).
• Share breakdown: 195,000 shares (≈ $5.326M) and 40,000 shares (≈ $1.092M); total 235,000 shares (~$6.418M).
• Shares owned after transaction: Not disclosed in the provided filing details.
• Holding/ownership notes: Some shares are held in a joint account with the reporting person’s spouse (F2); others are held in a trust for the benefit of the reporting person’s children and spouse, where the reporting person disclaims beneficial ownership except for pecuniary interest and serves as investment manager (F3).
• Transaction type: Reported as open market or private purchases (code P).

Context Purchases by a company CEO are often watched by investors as an indicator of insider buying, but filings are factual records and do not state motivation. Footnotes indicate the filing’s price is a weighted average across multiple trades and describe family and trust holdings; these affect legal/beneficial ownership disclosures but do not change the fact of the purchases.